Profiting from Uncertainty by Paul Schoemaker

Profiting from Uncertainty by Paul Schoemaker

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Summary

This revolutionary approach to strategic planning shows managers not only how to prepare for the unknown but how to profit from it.

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Profiting from Uncertainty by Paul Schoemaker

In an environment of increasing technological and global instability, the risks of ignoring uncertainty are greater than ever. But so are the rewards of actively addressing it. Traditionally, managers have viewed uncertainty as an obstacle interfering with the company's existing plans. PROFITING FROM UNCERTAINTY shows the opposite to be true, that the unknown creates opportunity and that scenario based planning, options thinking and other approaches can actually be used to profit from the ambiguity. Dr. Paul Schoemaker, a worldwide authority on strategic decision making, goes beyond other gurus who simply project how the future might unfold to take a comprehensive approach that moves from external scenarios to key success factors to real options to implementation. Drawing on his work with companies in such diverse fields as biotechnology, financial services, utilities and online travel, Schoemaker shows how to 1) develop and analyse multiple industry scenarios, 2) craft nimble strategies, 3) implement them using an options approach and 4) make real time adjustments through dynamic monitoring.
"Paul Schoemaker belongs to an extremely exclusive club -- the one for business authors who are both leading-edge practitioners and academic researchersThis extraordinary book offers eminently practical, yet theoretically pure, advice for managers in these uncertain times." -- Hugh Courtney, Ph.D. McKinsey consultant and author of 20/20 Foresight
"The title says it all...Schoemaker guides us through the uncertainties and anxieties that confound business post-dotcom/post-September 11/post-Enron/post-economic downturn. He shows how businesspeople can create scenarios that will make them prepared and how the prepared can exploit the opportunities inherent in an uncertain world." -- Professor Marvin Zonis, Graduate School of Business, University of Chicago
"This is the strategic equivalent of a good liberal arts education. It teaches you a broad-based approach that will keep you from being surprised by change." -- Alberto Ibargüen Publisher, The Miami Herald
"Paul Schoemaker describes a strategic process that will better prepare organizations for the future. This book is an invaluable guide for managers in both the public and private sectors." -- Henry Hatch, 47th Chief of the U.S. Army Corps of Engineers and Commanding General
Formerly a strategic planner with Royal Dutch/Shell's scenario planning group in London, is the Chairman and CEO of Decision Strategies International, Inc. He is also Research Director of the Mack Center for Technological Innovation at the Wharton School where he teaches strategy and decision making.
SKU Unavailable
ISBN 13 9780743223287
ISBN 10 0743223284
Title Profiting from Uncertainty
Author Paul Schoemaker
Condition Unavailable
Binding Type Hardback
Publisher Atria Books
Year published 2003-01-20
Number of pages 288
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
Note Unavailable